PPDT - XLF = 14.66 - 11/04 Thursday

[ask2lern]

Morning Gang!! ……here are the pivots……….…hope everyone has a great day ………GLTA

XLF

R3 15.16
R2 14.91
R1 14.83

PP 14.66

S1 14.58
S2 14.41
S3 14.16


SPY

R3 122.61
R2 121.04
R1 120.50

PP 119.47

S1 118.93
S2 117.90
S3 116.33


GOLD

R4 1467.93
midpoint 1447.73
R3 1427.53
midpoint 1407.33
R2 1387.13
Midpoint 1377.80
R1 1368.47
midpoint 1357.60

PP 1346.73

midpoint 1337.40
S1 1328.07
midpoint 1317.20
S2 1306.33
midpoint 1286.13
S3 1265.93
midpoint 1245.73
S4 1225.53


SILVER

R4 27.88
midpoint 27.34
R3 26.79
midpoint 26.25
R2 25.70
midpoint 25.49
R1 25.28
midpoint 24.95

PP 24.61

midpoint 24.40
S1 24.19
midpoint 23.86
S2 23.52
midpoint 22.98
S3 22.43
midpoint 21.89
S4 21.34



IMW

R3 73.46
R2 72.34
R1 71.95

PP 71.22

S1 70.83
S2 70.10
S3 68.98



TNA

R4 62.53
midpoint 61.23
R3 59.92
midpoint 58.62
R2 57.31
midpoint 56.85
R1 56.39
midpoint 55.55

PP 54.70

midpoint 54.24
S1 53.78
midpoint 52.94
S2 52.09
midpoint 50.79
S3 49.48
midpoint 48.18
S4 46.87

TZA

R4 25.04
Midpoint 24.53
R3 24.78
midpoint 24.27
R2 23.75
midpoint 23.24
R1 22.72
midpoint 22.39

PP 21.69

midpoint 21.36
S1 21.02
midpoint 20.84
S2 20.66
midpoint 20.15
S3 19.63
midpoint 19.12
S4 18.60

SDS

R3 28.29
R2 27.59
R1 27.13

PP 26.89

S1 26.43
S2 26.19
S3 25.49

………………………..GLTA

[ask2lern]

From www.optionmonster.com ................................GLTA

Indexes close to breaking resistance
November 4, 2010 Thu 3:43 AM CT


With the election and the quantitative easing details out of the way, the focus will return to earnings and economic data.

There are no other major catalysts scheduled through the end of the year. With the pressure to perform before 2010 ends, whatever happens directionally in the next several days is likely to be the pattern through December.

The indexes nearly met or slightly exceeded resistance levels from yesterday morning. The Nasdaq 100 fell short that level by a few points at the close, while the S&P 500 just edged it.

The Russell 2000 gets a new upside target, as it managed to cross above resistance by the largest percentage. Support for the S&P reflects its new 10-day moving average.

While we didn't get a big move on the Fed news on Wednesday, we may yet. I will revisit levels and update them if we do.

Nasdaq 100 (NDX)

First support is at 2131.08. First resistance is at 2165.57.

For the Nasdaq 100 Index Tracking Stock (QQQQ) first support is at $52.39. First resistance is at $53.14.

S&P 500 (SPX)

First support is at 1186, the 10-day moving average. First resistance is at 1197.50.

For the Standard and Poor's Depository Receipts (SPY) first support is at $118.71, the 10-day moving average. First resistance is at $119.03.

Russell 2000 (RUT)

First support is at 690.11. First resistance is at 719.70.

For the iShares Trust Russell 2000 Index Fund (IWM) first support is at $68.95. First resistance is at $72.10.

By: Bryan McCormick

[ask2lern]

From www.optionmonster.com ...................................GLTA

Store sales, labor data on calendar
November 4, 2010 Thu 3:30 AM CT


The economic calendar is active today, with Chain Store Sales and Jobless Claims likely to dominate.

Chain Store Sales, also known as same-store sales, have no fixed timetable for their release. Each company will release results independently, starting very early in the pre-market. The Retail SPDR exchange-traded fund will likely be active, along with the stock of each company reporting. Traders will be expecting positive results given recent data showing consumer spending has been relatively active.

The Monster Employment Index will be out at 6 a.m. ET. Many traders see this index, which tracks online help wanted advertisements, as a leading indicator of future employment trends. The previous index value was 138.

A number higher than that would be bullish, while a lower number at this stage of the recovery would be a bearish surprise.

Jobless Claims will be reported at 8:30 a.m. ET. Consensus calls for claims to rise from the previous week, to 443,000 from the prior 434,000. The range of expected values for the report are from a bullish 425,00 at the low, to a bearish 455,000 at the high.

Productivity and Costs will be released at 8:30 a.m. ET. The report is less likely to draw trader's attention given there are few concerns about inflationary pressures. Labor costs are seen rising by 0.7 percent, with a range from -2.2 percent, to 2.5 percent at the high.

Productivity is seen rising by 1 percent. The range is from flat, to a bullish 2.5 percent. The least optimal outcome would be for a drop in productivity and a sharp rise in costs.



By: Bryan McCormick

[abdogman]

Good Morning Gang.....
Ask Thanks for the start and nmbrs and info

back for the open

[Rothschild]

Wow dollar tanks and Int'l markts surge. This inflation is imported first through our reserve currency status and I gotta think it boomerangs back to us pretty quickly.

Financials really gapping up. BNP Paribas reported solid numbers; Intl' banks are actually moving higher than FAS. Were gonna have to start trading those more

[abdogman]

0830EDT Initial Claims 457K vs 445K Briefing.com consensus, prior revised to 437K from 434K

Q3 Nonfarm Productivity- prelim +1.9% vs +0.9% Briefing.com consensus

Continuing Claims falls to 4.340 mln from 4.382 mln

Q3 Unit Labor Costs- prelim -0.1% vs +1.0% Briefing.com consensus, Q2 +1.3%

[kbk3ck]

Thanks Ask and Ab.

[jack]

I love the smell of profits in the morning...

G'mornin' Gang

[abdogman]

xlf 14.885 on 1m

[abdogman]

xlf 14.90 on 1m

[abdogman]

xlf 14.925 on 1m

[abdogman]

xlf 14.94 on 1m

[jack]

Nov 4, 2010 8:36:40 GMT -5 abdogman said:

xlf 14.90 on 1m

CNL up 2 bits Rog ;D

[abdogman]

macd neg now on 1m Drn

[abdogman]

macd neg now on 1m xlf fas
BB's narrowing slowly on 1m xlf fas drn
xlf 14.93 on 1m

[kryptos2009]

Here is the PP Daily Thread (PPDT) data.


XLF PP=14.66
MP=14.75 R1=14.83 MP=14.87 R2=14.91 MP=15.04 R3=15.16 MP=15.29 R4=15.41
MP=14.62 S1=14.58 MP=14.50 S2=14.41 MP=14.29 S3=14.16 MP=14.04 S4=13.91
O=14.61 H=14.75 L=14.5 C=14.74

FAS PP=22.68
MP=23.00 R1=23.32 MP=23.49 R2=23.65 MP=24.14 R3=24.62 MP=25.11 R4=25.59
MP=22.52 S1=22.35 MP=22.03 S2=21.71 MP=21.23 S3=20.74 MP=20.26 S4=19.77
O=22.5 H=23.02 L=22.05 C=22.98

FAZ PP=12.32
MP=12.42 R1=12.51 MP=12.68 R2=12.85 MP=13.12 R3=13.38 MP=13.65 R4=13.91
MP=12.15 S1=11.98 MP=11.89 S2=11.79 MP=11.53 S3=11.26 MP=11.00 S4=10.73
O=12.42 H=12.67 L=12.14 C=12.16

SPY PP=119.47
MP=119.99 R1=120.50 MP=120.77 R2=121.04 MP=121.83 R3=122.61 MP=123.40 R4=124.18
MP=119.20 S1=118.93 MP=118.42 S2=117.90 MP=117.12 S3=116.33 MP=115.55 S4=114.76
O=119.68 H=120.02 L=118.45 C=119.95

SPG PP=100.65
MP=101.08 R1=101.50 MP=101.81 R2=102.11 MP=102.84 R3=103.57 MP=104.30 R4=105.03
MP=100.35 S1=100.04 MP=99.62 S2=99.19 MP=98.46 S3=97.73 MP=97.00 S4=96.27
O=100.57 H=101.27 L=99.81 C=100.88

GS PP=162.13
MP=162.91 R1=163.68 MP=164.21 R2=164.74 MP=166.04 R3=167.35 MP=168.65 R4=169.96
MP=161.60 S1=161.07 MP=160.30 S2=159.52 MP=158.21 S3=156.91 MP=155.60 S4=154.30
O=163.18 H=163.18 L=160.57 C=162.63

JPM PP=37.50
MP=37.78 R1=38.05 MP=38.21 R2=38.37 MP=38.81 R3=39.24 MP=39.68 R4=40.11
MP=37.34 S1=37.18 MP=36.91 S2=36.63 MP=36.20 S3=35.76 MP=35.33 S4=34.89
O=36.98 H=37.83 L=36.96 C=37.72

MS PP=25.15
MP=25.40 R1=25.65 MP=25.78 R2=25.90 MP=26.28 R3=26.65 MP=27.03 R4=27.40
MP=25.03 S1=24.90 MP=24.65 S2=24.40 MP=24.03 S3=23.65 MP=23.28 S4=22.90
O=24.72 H=25.4 L=24.65 C=25.4

C PP=4.18
MP=4.19 R1=4.20 MP=4.21 R2=4.22 MP=4.24 R3=4.26 MP=4.28 R4=4.30
MP=4.17 S1=4.16 MP=4.15 S2=4.14 MP=4.12 S3=4.10 MP=4.08 S4=4.06
O=4.17 H=4.19 L=4.15 C=4.19

VIX PP=20.37
MP=20.79 R1=21.21 MP=22.03 R2=22.85 MP=24.09 R3=25.33 MP=26.57 R4=27.81
MP=19.55 S1=18.73 MP=18.31 S2=17.89 MP=16.65 S3=15.41 MP=14.17 S4=12.93
O=21.66 H=22.02 L=19.54 C=19.56

UUP PP=22.15
MP=22.23 R1=22.31 MP=22.39 R2=22.47 MP=22.63 R3=22.79 MP=22.95 R4=23.11
MP=22.07 S1=21.99 MP=21.91 S2=21.83 MP=21.67 S3=21.51 MP=21.35 S4=21.19
O=22.26 H=22.32 L=22 C=22.14

FROM: www.econoday.com

Economic Events & Analysis - 11/04/2010 Thursday


Chain Store Sales
6:00 AM ET Monster Employment Index
8:30 AM ET Jobless Claims
8:30 AM ET Productivity and Costs
10:30 AM ET EIA Natural Gas Report
11:00 AM ET 3-Month Bill Announcement
11:00 AM ET 6-Month Bill Announcement
1:00 PM ET 10-Yr TIPS Auction
3:00 PM ET Treasury STRIPS
4:30 PM ET Fed Balance Sheet
4:30 PM ET Money Supply


Additional World wide Economic Calendar information can be found at the following website.
worldeconomiccalendar.com/

NOTE:
The previous days OHLC data for todays PPDT was gathered from finance.yahoo.com for each individual stock by a series of webquerys built into a spreadsheet.
The formulas used by the www.mypivots.com website to create the Pivot Points were found in the sites help files.
The formulas were built into the spreadsheet which acts on the previous days OHLC data gathered from Yahoo.
The Pivot Points were created using the formulas from www.mypivots.com but NOT by using the site.
Please let me know if you find any errors in the data.
Use of this data is at your own risk.

[deadmoney95]

Good morning all.

Carl F thinks we should get ready to hit our heads:

December S&P E-mini Futures: Today's range estimate is 1198-1212. I think this first attempt at a breakout above the April top at 1216 will fail and be followed by a break of 30-40 points. After that the march to 1300 will resume.

Caldaro:

SHORT TERM: QE 2.0 becomes QE 0.6 tln, DOW +26

Overnight (Tuesday) the Asian markets were mostly higher. Europe opened higher, but closed -0.45%. US index futures were relatively flat overnight. At 7:00 weekly Mortgage applications were reported lower -5.0% v +3.2%. At 8:15 the monthly ADP employment index showed a net gain in jobs ahead of friday’s Payrolls report: +43K v -39K. The market opened unchanged from yesterday’s close at SPX 1194. In the first few minutes it ran up to the uptrend high at 1196 and then started to pullback. At 10:00 ISM services reported improvement: 54.3% v 53.2%, and monthly Factory orders turned positive: +2.1% v -0.5%. The market remained in the pullback mode awaiting the FOMC statement. Around noon monthly Auto sales were reported higher: GM +13% and F +19%. At 2:00 the SPX traded down to 1188. Then the FED made the following press release around 2:15: www.federalreserve.gov/newsevents/press/monetary/20101103a.htm.

While some were expecting a $2.0 trillion QE plan. What we received was a $0.6 tln quantitative easing plan until Q2 2011: QE 0.6. The market initially responded by hitting a marginal new uptrend high at SPX 1197. The market then pulled back sharply to SPX 1184 by 2:30. Then just as suddenly it reversed direction again and headed higher. Around 3:00 another marginal new uptrend high was hit at SPX 1198. A small pullback followed to 1194 by 3:30 and then the market closed near the highs at SPX 1198.

For the day the SPX/DOW were +0.30%, and the NDX/NAZ were +0.30%. Bonds gained 15 ticks, Crude added $1.15, Gold slid $10.00, and the USD was lower. Support for the SPX remains at 1187 and then 1176, with resistance at 1222 and then 1240. Short term momentum dropped below neutral during the slide to SPX 1184 and then turned higher and slightly overbought at the close. Tomorrow, weekly Jobless claims at 8:30 along with the Q3 Productivity report.

Another wild FOMC event. We certainly have learned to expect this kind of volatility over the years. Despite the good economic news the market spent most of the day awaiting the FED’s QE 2.0 plan to maintain their low interest rate policy and infuse more paper [money] into the money supply. The plan was less than expected, but is probably more flexible than initially reported.

The market made a marginal new uptrend high at first, pulled back, and then another marginal uptrend high in the last hour. With the elections, (Republicans took the House), and the FOMC, (QE 0.6), now behind us the market is still at an inflection point. Short term OEW charts remained positive during all of today’s gyrations, and the OEW 1187 pivot held support. Yet, the market did not break out, nor break down from its wedge like trading range. Today’s late day pullback only hit the lower rising trendline of the wedge. Objectively, short term, as long as the SPX can hold the OEW 1187 pivot range the bias remains positive. If not, then a larger pullback will likely follow in the coming days. Best to your trading!

[abdogman]

BB's tight on 1m xlf fas drn

[ccash04]

Cobra:

SHORT-TERM: ASCENDING TRIANGLE BREAKOUT? TEXT BOOK TARGET $122.24
Although the show wasn’t bad today but I don’t have much to say, so I’ll skip today’s After Bell Quick Summary. Overall, whether it’s a valid Ascending Triangle breakout, we need see a follow through tomorrow. I can sense bullishness all over the air after today’s market action, it looks like SPX 3,000 is not a dream at all and so my earlier retirement with my dreamy yacht. However, let’s just don’t get too excited, after all, the ChiOsc on SPY 60 min is a little bit too high so a very short-term pullback is still likely. Besides, there’re still simply too many reversal like bars on the SPY daily chart, including today’s Hanging Man. The best way to eliminate all those bad signs are huge up tomorrow, well, let’s see.

I think this would be considered a (huge up day if we hold or continue w/these gains). I'm looking for 1224.

[abdogman]

xlf 14.90 on 1m

[elle]

tag C hod

[abdogman]

xlf 14.88 on 1m

[ask2lern]

Whistling through the grave yard I picked me up some SPY 123 PUTS @ 2.44...................here are the current SPY levels I am watching..............S 121.10 PP 121.34 R 121.45............. GLTA

[abdogman]

and .....from out of nowwhere 1.3 mil share green candle last min in 1m xlf
macd now + on 1m xlf
xlf 14.91 on 1m

[abdogman]

macd + now on 1m xlf fas drn
BB's still tight on above
xlf 14.92 on 1m

[abdogman]

xlf 14.95 on 1m

[elle]

starting ppsn vxx

[abdogman]

BB's narrowing on 1m xlf fas drn
macd has been neg on 1m xlf fas drn last 7-8 mins
xlf 14.94 on 1m

[abdogman]

macd now + on 1m xlf fas drn
xlf 14.96 on 1m

[clearwaters]

Elle, do you remember last time FAZ was $10+ and you were wondering if it was time to buy? I think that before they drop this thing we are going to see a massive, quick push down on the bear ETF's to an obscenely low level. That's when I plan to buy.